EXFO (NASDAQ:EXFO) Stock Rating Lowered by Zacks Investment Research


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EXFO (NASDAQ:EXFO) (TSE:EXF) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report issued on Monday, Zacks.com reports.

According to Zacks, “EXFO Inc. is a provider of next-generation test and service assurance solutions for wireless and wireline network operators and equipment manufacturers in the global telecommunications industry. The Company operates in two segments: Telecom Division, and the Life Sciences and Industrial Division. The Telecom Division offers a wide range of innovative solutions to assess optical networks, from the core to access, as well as next-generation IP infrastructures and related triple-play services. The Life Sciences and Industrial Division offers solutions in medical device and opto-electronics assembly, fluorescence microscopy and other life science sectors. EXFO Inc., formerly known as EXFO Electro-Optical Engineering Inc., is headquartered in Quebec, Canada. “

Other equities analysts also recently issued research reports about the stock. TheStreet upgraded shares of EXFO from a “d+” rating to a “c-” rating in a research note on Tuesday, January 12th. TD Securities upped their price objective on shares of EXFO from $3.50 to $4.00 and gave the company a “hold” rating in a research note on Wednesday, January 13th. Canaccord Genuity reiterated a “hold” rating and set a $4.00 target price on shares of EXFO in a research note on Thursday, April 8th. National Bankshares increased their target price on shares of EXFO from $3.50 to $4.50 and gave the stock a “sector perform” rating in a research note on Thursday, April 8th. Finally, Northland Securities reiterated a “buy” rating and set a $6.00 target price on shares of EXFO in a research note on Thursday, April 8th. Six analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $4.39.

NASDAQ EXFO opened at $3.94 on Monday. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.44 and a quick ratio of 0.97. EXFO has a 1 year low of $2.12 and a 1 year high of $4.69. The company has a market capitalization of $225.87 million, a PE ratio of -35.82 and a beta of 1.37. The company has a fifty day moving average of $4.25 and a two-hundred day moving average of $3.51.

EXFO (NASDAQ:EXFO) (TSE:EXF) last released its quarterly earnings data on Tuesday, April 6th. The communications equipment provider reported $0.01 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.05 by ($0.04). EXFO had a negative net margin of 2.25% and a negative return on equity of 1.55%. On average, research analysts expect that EXFO will post 0.28 earnings per share for the current year.

A number of large investors have recently made changes to their positions in EXFO. Brandes Investment Partners LP acquired a new stake in EXFO in the fourth quarter valued at about $613,000. Renaissance Technologies LLC lifted its position in EXFO by 2.1% in the fourth quarter. Renaissance Technologies LLC now owns 1,028,373 shares of the communications equipment provider’s stock valued at $3,507,000 after purchasing an additional 21,000 shares during the period. Wells Fargo & Company MN acquired a new stake in EXFO in the fourth quarter valued at about $34,000. Finally, JPMorgan Chase & Co. lifted its position in EXFO by 7.4% in the fourth quarter. JPMorgan Chase & Co. now owns 36,153 shares of the communications equipment provider’s stock valued at $123,000 after purchasing an additional 2,501 shares during the period. Hedge funds and other institutional investors own 10.87% of the company’s stock.

EXFO Company Profile

EXFO Inc provides test, monitoring, and analytics solutions for fixed and mobile network operators, web-scale companies, and optical component and network equipment manufacturers in the communications industry. It offers field network testing products, such as copper/DSL testing, dispersion analysis, fiber inspection, light sources, live fiber detection, network protocol testing, optical fiber multimeter, optical loss testing, OTDR and iOLM, power meters, spectral testing, test function virtualization, test reporting and automation, and variable attenuators products, as well as modular test platforms.

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